Bozeman Art Museum
- Assets
- $358.4k
- Revenue
- $215.7k
- Investments
- $0.0
- Employees
- 15
- Location
- Bozeman, MT
- Founding
- 04/2012
- Data as of
- 12/2022
- EIN
- 80-0784826
Organization Overview
Bozeman Art Museum is located in Bozeman, MT. The organization was established in 2012. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Bozeman Art Museum employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bozeman Art Museum is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Bozeman Art Museum generated $215.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $231.2k during the year ending 12/2022. While expenses have increased by 20.6% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE AND FOSTER CREATIVITY AND A LOVE OF ART THROUGH DIVERSE AND HIGH QUALITY EXHIBITS PROGRAMS CLASSES AND LECTURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITS- THE BOZEMAN ART MUSEUM WAS OPEN IN 2022 WITH FOUR EXHIBITS AND WE HAD ATTENDANCE OF 12,065 IN 2022.
TEACHING- WE TAUGHT FREE SKILLS BASED ART CLASSES IN 11 RURAL AND CITY SCHOOLS AND TO HOME SCHOOL STUDENTS IN GALLATIN AND PARK COUNTIES MONTANA. WE TAUGHT 1 285 STUDENTS DURING THE SCHOOL YEAR WITH SIX WEEK TO FULL SCHOOL YEAR SESSIONS. WE ALSO TAUGHT FREE ART CLASSES IN LOCAL LIBRARIES DURING THE SUMMER HOLIDAYS AND AFTER SCHOOL. WE ALSO HAVE AN AT RISK STUDENTS ART THERAPY PROGRAM.
LECTURES AND WORKSHOPS. BAM CREATED "406 MASTERS" TO MEMORIALIZE SOME MASTER ARTISTS IN MONTANA. THESE ARE VIDEO PRESENTATIONS THAT WE HIGHLIGHT ON OUR WEBSITE. WE ALSO HELD A NUMBER OF WORKSHOPS WITH LOCAL ARTISTS FOR ALL LEVELS OF STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Williams Executive Director | Officer | 40 | $50,000 |
Dan Bettencourt Chairman Of The Board Of Dir | Officer | 10 | $0 |
Lathie Poole Vice Chairman | Officer | 10 | $0 |
James Gutting Treasurer | Officer | 2 | $0 |
Frances Boyd Secretary | Officer | 2 | $0 |
Erin Graf Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,085 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $212,168 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $213,253 |
| Total Program Service Revenue | $2,430 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $215,683 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $50,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,628 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,323 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $31,167 |
| Office expenses | $2,415 |
| Information technology | $2,492 |
| Royalties | $0 |
| Occupancy | $35,524 |
| Travel | $254 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,425 |
| All other expenses | $20,167 |
| Total functional expenses | $231,154 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,710 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $266,700 |
| Total assets | $358,410 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $47,400 |
| Other liabilities | $0 |
| Total liabilities | $47,400 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $311,010 |
| Total liabilities and net assets/fund balances | $358,410 |